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Jump to full article: Bloomberg News, 2000-09-14 Author: Vincent Del Giudice and Siobhan Hughes
Intro: The core rate of the producer price index, which excludes energy and food, rose 0.1 percent last month, the same as in July. The cost of cigarettes climbed, and without the increase in tobacco prices, the core rate would have been unchanged, the Labor Department said. . .
Cigarette prices rose 2.6 percent in August, the largest increase since a 6.3 percent gain in February. Philip Morris Cos., the world's largest tobacco company, raised cigarette prices to distributors by about 3 percent to pay for legal settlement costs.
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